Real Estate
Kwon Young-jin proposes expanded inspections amid concerns over construction safety in Korea
A bill that expands the scope of designated inspections by local governments, which was limited to public housing for more than 30 households, to include private multi-use facilities has emerged, and ...
Jo Eun-im
Kwon Young-jin proposes expanded inspections amid concerns over construction safety in Korea
Seoul apartment transactions exceed 5,000 in February following permission lift
Last month, due to the lifting of the land transaction permission area, the transaction volume of Seoul apartments surpassed 5,000 for the first time in six months. The volume increased mainly in the ...
 
13h ago
|Jung Hae-yong
Seoul approves 50-story Daechi Mido redevelopment with nearly 4,000 units
The Daechi Mido apartment complex, a notable redevelopment area in Gangnam, Seoul, will transform into a 50-story complex with over 3,900 units. The Seoul City announced on the 16th that during the se...
 
14h ago
|Jung Hae-yong
Seoul redesigns Jongam-dong area into 37-story, 694-unit apartment complex
On the 14th, the Seoul city announced on the 16th that it held the second urban planning committee’s rapid integrated planning and maintenance business authority subcommittee and decided to modify and...
 
15h ago
|Jung Hae-yong
Korea launches 2025 smart city project offering 16 billion won in support
The Ministry of Land, Infrastructure and Transport announced on the 16th that it will begin accepting applications for the '2025 Smart City Creation and Expansion Project' starting on the 17th. This p...
 
16h ago
|Jung Hae-yong
Private housing starts in South Korea reach second lowest level in history
Last year, the number of housing starts for private dwellings was reported at over 235,000 units, marking the second lowest level on record. According to data compiled by Real Today based on the housi...
 
17h ago
|Jung Hae-yong
Seoul's non-Gangnam districts, including Gwanak, experience rise in housing prices
The housing transactions in the traditionally weak areas of Nowon, Dobong, Gangbuk, Geumcheon, Gwanak, and Guro in Seoul are showing an upward trend. The average sale price in these six districts last...
 
17h ago
|Jung Hae-yong
Lotte and GS Construction win 700 billion won Sang-gye 5 district redevelopment project
The consortium of Lotte Engineering & Construction and GS Engineering and Construction announced on the 16th that it has won the redevelopment project for the Sang-gye 5 district in Nowon-gu, Seoul. T...
 
18h ago
|Jung Hae-yong
Yeouido redevelopment projects accelerate after conflict resolution and regulatory changes
The Daekyo Apartment in Yeouido, Yeongdeungpo District, along with other major redevelopment complexes such as the Shibeom Apartment, is accelerating its project as it resolves conflicts and progresse...
 
21h ago
|Bang Jae-hyuk
Pyeongtaek and Icheon designated as management areas for unsold homes in South Korea
The Icheon area in Gyeonggi Province has been included in the management area for unsold homes for the eighth consecutive month, and the Pyeongtaek area has also been newly designated. According to th...
2025.03.15(Sat)
|Kim Min-kuk
Daejeon unsold dwellings rise 90% as supply glut hits market
The number of unsold dwellings in Daejeon increased by 90% over the past year, and the number of unsold dwellings known as 'malignant unsold dwellings' also rose by 30%. Analysts interpret that the su...
2025.03.15(Sat)
|Park ji-youn
Korea adjusts Gadeokdo New Airport Access Railway Phase 2 for competitive bidding
The 'Gadeokdo New Airport Access Railroad Section 2 Construction Project,' which failed to designate a contractor due to construction companies withdrawing during the first announcement of the integra...
2025.03.14(Fri)
|Bang Jae-hyuk
Yuwon Jeil 2nd redevelopment project in Seoul gains approval and seeks contractor
The 'Yuwon Jeil 2nd' apartment complex in Dangsan-dong 5-ga, Yeongdeungpo District, Seoul, has received approval for its redevelopment project. The association plans to select a construction company i...
2025.03.14(Fri)
|Park ji-youn
Hyundai E&C finalizes contracts for all units in Yeosu's Hillside Jukrim development
Hyundai E&C announced on the 14th that it has completed 100% of contracts for all units in the 'Hillside Jukrim The Proud' development, which was the first to be released in the Jukrim 1 district of Y...
2025.03.14(Fri)
|Park ji-youn
LH to re-supply residential land in Paju Unjeong 3 district after cancellations
The Korea Land and Housing Corporation (LH) will re-supply residential land in the Paju Unjeong 3 district, where private pre-applications have been canceled. LH noted on the 14th that it will supply...
2025.03.14(Fri)
|Kim You-jin
Royal Park City II in Seoul features cinema and premium community facilities
In the apartment market, community facilities have now established themselves as an important factor in determining the value of a complex, surpassing mere amenities. As enhancing residents' quality o...
2025.03.14(Fri)
|Jung Hae-yong
Political circles propose 10-year lease guarantees amid market concerns in Korea
The Democratic Party is presenting an amendment to the Housing Lease Protection Act, which allows tenants to occupy dwellings for up to 10 years, as a livelihood issue, spreading controversy in the ma...
2025.03.14(Fri)
|Jung Hae-yong
Korea Real Estate Board plans 465,133 new housing units for next two years
Korea Real Estate Board and Real Estate R114 announced on the 14th the 'information on expected occupancy volume of apartment complexes' produced jointly. The 'information on expected occupancy volume...
2025.03.14(Fri)
|Bang Jae-hyuk
GS Engineering and Construction enhances talent development with new training programs
GS Engineering and Construction announced on the 14th that it will significantly revamp its talent development program for 2025 to enhance organizational competitiveness and secure a global competitiv...
2025.03.14(Fri)
|Jo Eun-im
Hyundai E&C establishes sales team for Apgujeong District 2 reconstruction effort
Hyundai E&C announced on the 14th that it has established the 'Apgujeong Reconstruction Sales Team' to secure orders for the reconstruction of the Apgujeong area. This is interpreted as a formal organ...
2025.03.14(Fri)
|Jo Eun-im
Korean firms YIDO, NH Investment & Securities partner to boost U.S. infrastructure investment
The American Chamber of Commerce in Korea (AMCHAM) and the nation’s leading integrated management company for private roads, YIDO, along with NH Investment & Securities, one of the five major securiti...
2025.03.14(Fri)
|Jo Eun-im
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